StockMarketWire.com - Critical components maker and services provider Avingtrans said it had completed the sale of Peter Brotherhood to Howden for £35.0 million.

The sale comes as the company decided against undertaking a multi-year programme of investment that was needed to boost the performance of Peter Brotherhood.

After adjusting for debt and working capital, the company would receive net proceeds of approximately £30.6 million from the sale.

The company said it would consider how to use the proceeds from the sale following completion of the deal.





At 8:01am: [LON:AVG] Avingtrans PLC share price was 0p at 281p



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